Arlington, Va.-based Evolent Health, a population health management services organization (MSO) that integrates the technology, tools and on-the-ground resources to support health systems in executing on their population health and care transformation objectives has filed for a $100 million IPO, according to SEC filing. The company is looking to raise $100 million and will trade on the New York Stock Exchange under the ticker symbol EVH.
Founded in 2011 by UPMC Health Plan and The Advisory Board Company, Evolent’s purpose-built platform enables providers to migrate their economic orientation from fee-for-service, reimbursement to payment models that reward high-quality and cost-effective care, or value-based payment models. By partnering with providers to accelerate their path to value-based care, Evolent enables their provider partners to expand their market opportunity, diversify their revenue streams, grow market share and improve the quality of the care they provide.
Evolent Health reported $100.9 million in revenue for fiscal 2014 with a net loss of $52.3 million.